** The Indian government is expected to take some action on privatising state-owned airline Air India in next six months, a top government policy adviser told television channel CNBC-TV18.

** Brazil’s Fibria SA, the world’s No. 1 eucalyptus pulpmaker, is considering a bid for rival Eldorado Brasil Celulose SA, it said in a securities filing late on Wednesday.

** Slovenia hopes to reach agreement with the European Commission in early autumn on the next step in the sale of the country’s largest bank Nova Ljubljanska Banka, Finance Minister Mateja Vranicar Erman said.

** Executives working on a three-way bank merger in Qatar to create the country’s second largest lender expect to finish valuing the deal in the coming weeks and aim to complete it by the end of the year, sources familiar with the matter said.

** Hornby Plc, the maker of Thomas & Friends model train sets, said majority shareholder Phoenix Asset Management’s offer to buy the rest of the company “significantly undervalues” the British toymaker.

** American Airlines’ chief executive said on Thursday the company is not “particularly excited” about Qatar Airway’s interest in buying up to 10 percent of the U.S. carrier’s shares, in a letter to employees, following disclosure of the state-owned Gulf airline’s overture. (Compiled by John Benny and Arunima Banerjee in Bengaluru)